Sebi Chairperson Madhabi Puri Buch on Monday said the capital markets regulator is working on instant transaction settlement in the stock markets.
Buch said the day is not far off when stock market transactions will be settled instantaneously.
She said the regulator is working with stakeholders to improve the timelines on transaction settlement towards this goal.
The regulator has been working on upping the pace of new equity issuances, debt issuances, approvals for mutual fund schemes using technology and other interventions with the aim of helping capital formation in the economy, she said.
Such interventions have accrued in monetary benefits of Rs 3,500 crore for the investor community on an annual basis, she added.
The investment banker-turned-regulator said India is in a very good place as an economy which ups the importance of Sebi’s role in aiding capital formation.
The GST collection number show that the economy is doing extremely well and the advance tax payments by …
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Sebi working on instant settlement of stock market transactions: Buch (24-07-2023)
YES Bank shares ends over 3% lower after June quarter earnings of 10% (24-07-2023)
Yes Bank shares on Monday ended more than 3 per cent lower due to higher provisions numbers which curtailed its net profit growth to 10 per cent in the June quarter.
Yes Bank shares declined 3.65 per cent to close at Rs 17.40 apiece on the BSE.
A similar movement was also seen on the NSE, where the stock witnessed heavy sell-off pressure at higher levels in the early trade and tanked 3.60 per cent to settle at Rs 17.40 per share.
During the day, the stock witnessed a high of Rs 18.45 per piece on the exchange.
In volume terms, 27.46 crore equity shares were traded on the NSE, while 4.59 crore shares were traded on the BSE.
On Monday, the 30-share BSE Sensex settled 299.48 points or 0.45 per cent lower at 66,384.78 points.
SBI-controlled Yes Bank has reported around two-fold rise in provisions for bad loans to Rs 360 crore in the June quarter as a large real estate borrower with Rs 400 crore dues became a dud loan during the quarter. This was because fresh slippages jumped to Rs 1
Rupee hits at 11-week high against US dollar on strong FPI inflows (24-07-2023)
The impact of a rise in the dollar index was offset by the overall positive sentiment due to steady inflows, observe dealers. The Indian unit settled at Rs 82.01 per dollar on Friday
Rupee hits at 11-week high against US dollar on strong FPI inflows (24-07-2023)
The impact of a rise in the dollar index was offset by the overall positive sentiment due to steady inflows, observe dealers. The Indian unit settled at Rs 82.01 per dollar on Friday
Market regulator Sebi sets eyes on instantaneous trade settlement (24-07-2023)
Sebi is reviewing the framework of “trading plan” — used by insiders to deal in the shares of their companies as required under the Prohibition of Insider Trading (PIT) Regulations
Instant settlement of share transactions in the works: Sebi chief (24-07-2023)
Sebi is reviewing the framework of “trading plan” — used by insiders to deal in the shares of their companies as required under the Prohibition of Insider Trading (PIT) Regulations
Indian fintech start-up funding plunges 67% to $1.4 bn in 1st half of 2023 (24-07-2023)
This decline in funding was largely due to the downward trend in early-stage investments, which plunged 81 per cent and 68 per cent from H1 2022 and H2 2022 respectively
Indian fintech start-up funding plunges 67% to $1.4 bn in 1st half of 2023 (24-07-2023)
This decline in funding was largely due to the downward trend in early-stage investments, which plunged 81 per cent and 68 per cent from H1 2022 and H2 2022 respectively
ChatGPT’s Sam Altman launches eyeball scanning crypto project Worldcoin (24-07-2023)
Worldcoin deploys a small device, christened the Orb to scan people’s eyeballs to create a unique digital identity
Sebi to consider permitting delisting via fixed price: Madhabi Puri (24-07-2023)
The market regulator is now considering permitting a promoter to place a delisting offer at a fixed price for shareholders to consider